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Fire is a function of what you SPEND, not what you MAKE

Well maybe thats not 100% accurate. But FIRE is much more dependant on your spending. You have to save 25 dollars for ever dollar you spend.

Or another way to look at it, if you spend $1 less you need $25 less in the portfolio. So spend $1,000 less in a year, and you need $25,000 less in the portfolio, cut your expenses by $10,000 a year and you need $250,000 less in the portfolio.

A 10K cut would probably be difficult for most people, but a 5K cut isn't out of reach for many, and 5K cut is 125K less in the portfolio needed.

Controling the budget has a much bigger impact on FIRE than earning more money. Of course there is always the Living aspect of LBYM, so don't cut to much :)

Laters,
-d.
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